Red Herring: Intel Capital said it has made an investment in Chennai-based digital media technology firm Real Image Media Technologies. Intel has made the investment from its $250-million Intel Capital Technology Fund. The investment is reportedly in the range of $3 million to $10 million.
Real Image specializes in digital media technology for the film, video, audio, and animation industries worldwide. IntelCapital has previously invested in other Indian companies, including Maya Entertainment, Mauj, Mobiapps, and Persistent Systems.
IT Wire reports: “We will continue to invest in Indian IT fims, as we are getting huge returns from India and the IT market here is really booming. We are looking for investments in the area of chip design, Wi-Max and services space,” Arvind Sodhani, president of Intel Capital, said.
Indiantelevision.com: Intel Capital has invested around Rs 300 million in Real Image. The company had received its first round of venture capital funding from Street Edge and Novastar in 2004. With Intel’s investment, the company’s total dilution to VCs is a little above 30 per cent.